FTAI Aviation (NYSE:FTAI) Price Target Raised to $88.00

FTAI Aviation (NYSE:FTAI) had its price objective raised by Compass Point from $71.00 to $88.00 in a research note published on Friday morning, Benzinga reports. Compass Point currently has a buy rating on the financial services provider’s stock.

FTAI has been the subject of a number of other reports. StockNews.com downgraded FTAI Aviation from a hold rating to a sell rating in a research report on Friday, April 12th. Stifel Nicolaus restated a hold rating and issued a $59.00 price target (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Morgan Stanley raised their price target on FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. Benchmark raised their price target on FTAI Aviation from $45.00 to $100.00 and gave the stock a buy rating in a research report on Friday, March 15th. Finally, Barclays lifted their target price on FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of Moderate Buy and an average price target of $58.45.

FTAI Aviation Stock Performance

NYSE FTAI opened at $70.75 on Friday. The company has a market capitalization of $7.09 billion, a P/E ratio of 33.45 and a beta of 1.90. FTAI Aviation has a one year low of $26.79 and a one year high of $74.99. The stock has a 50 day moving average price of $63.57 and a 200-day moving average price of $50.97.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The firm had revenue of $326.70 million for the quarter, compared to the consensus estimate of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 210.66%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 earnings per share. As a group, equities analysts predict that FTAI Aviation will post 2.49 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 8th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.70%. FTAI Aviation’s dividend payout ratio is currently 54.79%.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors have recently made changes to their positions in FTAI. Handelsbanken Fonder AB increased its stake in shares of FTAI Aviation by 27.3% during the third quarter. Handelsbanken Fonder AB now owns 14,000 shares of the financial services provider’s stock valued at $498,000 after buying an additional 3,000 shares during the period. Xponance Inc. purchased a new position in FTAI Aviation in the third quarter valued at about $209,000. Bank of New York Mellon Corp grew its stake in FTAI Aviation by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 372,574 shares of the financial services provider’s stock valued at $13,245,000 after purchasing an additional 3,895 shares during the last quarter. Brown Advisory Inc. purchased a new position in FTAI Aviation in the third quarter valued at about $754,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in FTAI Aviation by 32.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,823 shares of the financial services provider’s stock valued at $705,000 after purchasing an additional 4,903 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.